Last month's Democratic National Convention (DNC) was big business for host city Philadelphia, according to the Philadelphia Convention & Visitors Bureau (PHLCVB), which announced yesterday that hotel occupancy during the convention topped out at 97.6 percent, up 10.3 percent over the same period last year.
The additional hotel demand during the DNC generated an extra $16.3 million in hotel room revenue in Center City Philadelphia, compared to the same week in 2015, for a total of $22.9 million in hotel revenue. As a result, revenue per available room (RevPAR) is now 6.6 percent ahead of where it was at this time last year.
"This will be an incredibly successful summer for our entire hospitality industry thanks to the phenomenal impact of the DNC, along with the large citywide conventions and sporting events we bring to Philadelphia plus the contributions of the city's cultural attractions which helped to draw even more event attendees," said PHLCVB President and CEO Julie Coker Graham.
(Related: Julie Coker Graham -- one of Successful Meetings' 25 Most Influential People in the Meetings Industry -- discusses Philadelphia's preparations in advance of the DNC.)
Along with the DNC, Philadelphia has hosted eight citywide conventions and two major sporting events this summer. Collectively, those events generated nearly $500 million in economic impact for the City of Brotherly Love.
Among the other events hosted in Philadelphia this summer were the Drug Information Association ($21.7 million in economic impact), the AME Church Bicentennial ($21.2 million), the American Podiatric Medical Association ($7.8 million in economic impact), the AVID Summer Institute ($8.2 million), and the American Association for Clinical Chemistry ($39.8 million).
And the summer isn't over. Philadelphia will host four more citywide conventions this season: the American Chemical Society, the American Political Science Association, ACN Inc., and the Society of Cable Telecommunications Engineers. These events are expected to generate a total of $93.5 million in economic impact.
"There is a great deal of optimism within the hotel community as result of what has been an extremely productive summer for our industry," said Greg Stafford, president of the Greater Philadelphia Hotel Association (GPHA). "Our hotels and employees do well when our partners work together to bring conventions and large events to the city, so we're thrilled that not only was the DNC here but that our summer event calendar has been incredibly solid."
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